Brokerages forecast that Eagle Bancorp, Inc. (NASDAQ:EGBN) will post $1.13 earnings per share for the current quarter, Zacks reports. Two analysts have issued estimates for Eagle Bancorp’s earnings, with estimates ranging from $1.12 to $1.13. Eagle Bancorp reported earnings per share of $1.04 during the same quarter last year, which indicates a positive year-over-year growth rate of 8.7%. The company is scheduled to report its next quarterly earnings results on Wednesday, April 17th.
On average, analysts expect that Eagle Bancorp will report full year earnings of $4.70 per share for the current year, with EPS estimates ranging from $4.54 to $4.85. For the next fiscal year, analysts forecast that the company will post earnings of $5.07 per share, with EPS estimates ranging from $4.76 to $5.23. Zacks’ EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Eagle Bancorp.
Eagle Bancorp (NASDAQ:EGBN) last issued its quarterly earnings results on Wednesday, January 16th. The financial services provider reported $1.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.03. Eagle Bancorp had a net margin of 36.62% and a return on equity of 14.58%. The company had revenue of $81.70 million during the quarter, compared to the consensus estimate of $82.13 million. During the same period in the prior year, the company earned $0.88 EPS. Eagle Bancorp’s revenue was up 8.4% on a year-over-year basis.
EGBN has been the subject of a number of research analyst reports. ValuEngine raised shares of Eagle Bancorp from a “strong sell” rating to a “sell” rating in a report on Tuesday, November 20th. BidaskClub raised shares of Eagle Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, November 22nd. Zacks Investment Research downgraded shares of Eagle Bancorp from a “buy” rating to a “sell” rating in a report on Tuesday, January 15th. Boenning Scattergood reissued a “buy” rating on shares of Eagle Bancorp in a report on Thursday, January 17th. Finally, Keefe, Bruyette & Woods downgraded shares of Eagle Bancorp from an “outperform” rating to a “market perform” rating in a report on Thursday, January 17th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $66.85.
Hedge funds have recently bought and sold shares of the business. LS Investment Advisors LLC purchased a new stake in Eagle Bancorp during the fourth quarter valued at about $45,000. First Manhattan Co. purchased a new stake in Eagle Bancorp during the fourth quarter valued at about $53,000. Flinton Capital Management LLC purchased a new stake in Eagle Bancorp during the fourth quarter valued at about $80,000. Neuburgh Advisers LLC purchased a new stake in Eagle Bancorp during the fourth quarter valued at about $98,000. Finally, Quantbot Technologies LP lifted its stake in Eagle Bancorp by 180.2% during the third quarter. Quantbot Technologies LP now owns 2,023 shares of the financial services provider’s stock valued at $102,000 after buying an additional 1,301 shares in the last quarter. 78.91% of the stock is owned by institutional investors.
Shares of NASDAQ EGBN opened at $55.42 on Friday. Eagle Bancorp has a twelve month low of $45.15 and a twelve month high of $65.42. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.04 and a quick ratio of 1.03. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 12.54, a price-to-earnings-growth ratio of 0.96 and a beta of 0.98.
About Eagle Bancorp
Eagle Bancorp, Inc operates as the bank holding company for EagleBank that provides commercial and consumer banking services primarily in the United States. It accepts business and personal checking, NOW, tiered savings, and money market accounts, as well as individual retirement and investment sweep accounts; and time deposits.
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